DeFi Decentralized Power. Term Finance Showed It Can Still Be Bought

The $8.5 million exploit that hit Term Finance over the weekend did not follow the usual DeFi script.An attacker did not simply discover a bug that allowed a smart contract to behave in a way its developers never intended. Instead, the attack targeted something the protocol had deliberately created: its governance system.Term Finance confirmed that its vaults were compromised through a governance exploit. Security firms PeckShield and CertiK estimated losses at roughly $8.5 million, including ab